This is no small update to the game as producer Yoshinori Ono explains in the video above. The game is a response to feedback from fans as well as allowing the development team to put in all the features they just didn’t have time to include in the original game. So lets get down to details and give you a run down of what to expect in this update:

Characters

There will be six new characters added with one of those being brand new. The new character is called Juri, she’s Korean and specializes in Taekwondo. Her nickname is Spider and apparently she has a strong bearing on the storyline of the game. In the video above she is viewable on the game playing in the background. Apart from her we know that two of the characters being added from previous games will be T.Hawk and Dee Jay.

Don’t trade your Street Fighter IV disc

Yoshinori Ono has suggested that those who already own the original game should hold on to their discs. Because this is an update Capcom want to reward you for buying the original and there is going to be something special only available to those who own both games. He didn’t detail what this is, but true fans would probably hang on to their game anyway so expect a nice surprise.

Cheaper, disc based release in the Spring

Although this is an update there is a lot of additional content so Capcom has decided to release Super Street Fighter IV on disc rather than as a download. But because it is an update it will not carry the same price tag as the original so expect to save a few dollars even though you don’t need the old game to play it. As for a release date it is just down as Spring 2010, but as early as possible in Spring.

Fine-tuning, new stages, and maybe bonus stages

In terms of gameplay the development team have taken on board all the feedback from players and combined it with what they wanted to do, but didn’t have time to do in the original game. So this will be a fine-tuned version of the original game with tweaks made to characters for better balance. New stages should also be expected, but bonus stage gameplay is still unconfirmed. Apparently it is being pushed for hard, but we don’t know yet if it will make it into the game.

New character Juri

Capcom has launched an official website for the game which also has a trailers page with just one movie present at the moment. On Thursday the site is expected to be updated with a trailer and screenshots introducing new characters, but it may be just one character with Capcom drawing out the introduction in the run up to launch.

Capcom had to be really careful with the update it decided to do for SFIV. On the one hand it had a hit in the first game with gamers wanting more. On the other it didn’t want to upset those gamers by making them buy the same game again with a few additional features and a few tweaks.

From this initial information I think Capcom has got it just right. The new game has a lot of additional content in the form of characters, stages, and hopefully bonus stages, alongside the tweaks players wanted. It is disc based, which to be honest I prefer over a big download, but at the same time a lower price is promised taking some of the pain out of buying the game again. Capcom also head off trade-ins of the original by promising players something special by keeping it. What could that be?

I think Street Fighter fans will be very happy about this announcement and not upset by the fact they need to spend some more money. It sounds like it will be more than worth it.